Analysts Set Universal Technical Institute Inc (NYSE:UTI) PT at $35.83

Shares of Universal Technical Institute Inc (NYSE:UTI - Get Free Report) have earned a consensus rating of "Buy" from the six ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $35.83.

A number of equities research analysts have commented on UTI shares. Truist Financial raised their price target on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. B. Riley assumed coverage on Universal Technical Institute in a report on Friday, March 28th. They issued a "buy" rating and a $31.00 target price on the stock. Lake Street Capital reaffirmed a "buy" rating and issued a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Barrington Research reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, June 12th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, May 8th.

Insiders Place Their Bets

In other Universal Technical Institute news, COO Todd A. Hitchcock sold 27,500 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $33.36, for a total transaction of $917,400.00. Following the sale, the chief operating officer now directly owns 80,521 shares of the company's stock, valued at $2,686,180.56. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George W. Brochick sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total value of $191,040.00. Following the sale, the director now directly owns 32,516 shares in the company, valued at $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,805 shares of company stock valued at $1,116,995 over the last ninety days. 15.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Universal Technical Institute

Several large investors have recently added to or reduced their stakes in UTI. GAMMA Investing LLC boosted its position in shares of Universal Technical Institute by 2,671.7% during the first quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock valued at $224,000 after buying an additional 8,416 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Universal Technical Institute by 15.3% during the fourth quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock valued at $2,332,000 after buying an additional 12,017 shares during the period. Pullen Investment Management LLC boosted its position in shares of Universal Technical Institute by 46.4% during the fourth quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock valued at $2,453,000 after buying an additional 30,250 shares during the period. Rhumbline Advisers boosted its position in shares of Universal Technical Institute by 37.4% during the fourth quarter. Rhumbline Advisers now owns 71,407 shares of the company's stock valued at $1,836,000 after buying an additional 19,453 shares during the period. Finally, Pier Capital LLC boosted its position in shares of Universal Technical Institute by 2.4% during the fourth quarter. Pier Capital LLC now owns 566,663 shares of the company's stock valued at $14,569,000 after buying an additional 13,281 shares during the period. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Price Performance

NYSE:UTI traded up $1.05 on Wednesday, reaching $34.43. 1,446,050 shares of the company's stock traded hands, compared to its average volume of 602,711. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $32.64 and a 200-day simple moving average of $28.80. The firm has a market cap of $1.87 billion, a PE ratio of 33.11, a P/E/G ratio of 2.18 and a beta of 1.61. Universal Technical Institute has a 12 month low of $15.06 and a 12 month high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.07. The business had revenue of $207.45 million for the quarter, compared to analysts' expectations of $196.63 million. Universal Technical Institute had a return on equity of 21.40% and a net margin of 7.34%. Equities research analysts forecast that Universal Technical Institute will post 1 earnings per share for the current year.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.